14900 Magnolia Boulevard
Sherman Oaks, CA 91413
ph: (818) 995-0599
fax: (818) 995-1599
alt: (818) 943-3631
TAX SERVICES
Generally, the amount by which a taxpayer benefits from the discharge of indebtedness is included in the taxpayer's gross income. However, the Emergency Economic Stabilization Act of 2008 provides, under certain circumstances, the amount of discharged indebtedness may be excluded entirely or partially from gross income. If you have cancelled or forgiven debt (e.g. credit card debt or car loan) due to down turn to economy or lost your property to foreclosure because of significant dercrease of the value of your property, we may be able to help. Our firm has prepared many such tax returns with little or no income taxes attributable to discharged indebtedness for those who qualify. Please contact us as soon as possible. The act is extended for limited time only.
Most clients' questions are answered upon inquiry without any fee charged to them. In case research is needed, clients are informed before such research is performed. We also inform clients about progress of the work and render professional opinion about possible outcomes.
Please see the Contact Us page, should you have any question.
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14900 Magnolia Boulevard
Sherman Oaks, CA 91413
ph: (818) 995-0599
fax: (818) 995-1599
alt: (818) 943-3631